Agreement to Purchase Units Sample Contracts

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March 13, 2003
Agreement to Purchase Units • March 17th, 2003 • Horizon Group Properties Inc • Real estate investment trusts

This letter is to confirm the agreement of Pleasant Lake Apts., Ltd. (“Pleasant Lake”), an affiliate of Howard M. Amster, to purchase up to 261,628 limited partnership units (the “Units”) in Horizon Group Properties, L.P. (the “Partnership”) from Horizon Group Properties, Inc. (“HGPI”) and the agreement of HGPI to sell the Units to Pleasant Lake at a purchase price of $5.16 per Unit for an aggregate purchase price of up to $1,350,000.00, payable in full and in cash within three business days following the receipt of notice from HGPI to Pleasant Lake that the conditions set forth in this letter have been satisfied. Pleasant Lake hereby acknowledges and agrees on behalf of itself and any transferee, assignee or successor (i) that the Units shall not now or at any future time be convertible or exchangeable for securities of HGPI, and (ii) that the certificate representing the Units will bear a legend indicating that they are not convertible or exchangeable.

December 23, 2002
Agreement to Purchase Units • December 26th, 2002 • Horizon Group Properties Inc • Real estate investment trusts

This letter is to confirm the agreement of Pleasant Lake Apts., Ltd. ("Pleasant Lake"), an affiliate of Howard M. Amster, to purchase 145,349 limited partnership units (the "Units") in Horizon Group Properties, L.P. (the "Partnership") from Horizon Group Properties, Inc. ("HGPI") and the agreement of HGPI to sell the Units to Pleasant Lake at a purchase price of $5.16 per Unit for an aggregate purchase price of up to $750,000.00, payable in full and in cash within three business days following the receipt of notice from HGPI to Pleasant Lake that the conditions set forth in this letter have been satisfied including the receipt of the amendment to the partnership agreement of the Partnership.

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